5. If Jim cannot increase production of good X without decreasing the production

Question

5. If Jim cannot increase production of good X without decreasing the production of Y A. then Jim is producing on his PPC. B. then Jim is producing outside his PPC C. then Jim is producing inside his PPC D. the production decision of Jim is indeterminate. 6. For a specific PPC, the combination of goods that a society should produce is A. a combination near the bottom of the curve. B. a combination halfway between the two axes. C. a combination near the top of the curve. impossible to determine from the information contained in the curve.

Explanation / Answer

Ans 5)

This means the production bundle for Jim is on the Production possibility curve which is concave towards origin.

Then on PPC it is not possible to increase production of X without decreasing production of Y

Option A is correct response

Related Questions

Navigate

• Browse (All)
• Browse 5
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.